Greece is in talks with creditors to bargain for a 75% haircut.
Banks were looking for a 40% haircut.
If they succeed then there will be larger write downs for banks to come…
Reported by Reuters
Comments »Yearly Archives: 2011
State of the Nation: Are We Going Mad ?
Some say yes while others say no. Then there are those who say gmdgsdkghnsfgkjdfnblbkndlkgnmdslkvmro-5tk4tmgo5kigm499y04967609$T%#$@ ER R Y% H^^Y%UIUUWYT$WYEU^IU^&I.
Comments »Americans Looking To Be a Year Early Over a Day Late Increases
Laugh all you like, but is it not prudent to prepare for the worst while hoping for the best ?
Comments »Europe’s Woes Show Up in China’s Shipping Capacity
Keep It On The Down Low: Don’t Tell the Equity Markets That Spain is Looking for International Aid
Citi: Western World Just Beginning a Decade of Deleveraging
This makes us very different from those Japan comparisons given their debacle occurred during a global credit expansion period.
Comments »SocGen: 2012 Looks Like A Repeat Of 2009
Who Will Gain Market Share From Black Friday ?
Euro Doom Rescheduled for February 2012
The doom predicted in Europe for Thanksgiving is now on hold until February 2012 as newly reformed governments in Europe provide hope and possible relief.
Not sure what kind of relief given yields spikes.
Comments »Retailers Get a Shot at India; Fine Print May Slow the Expansion
Despite fine print retailers have been waiting for this opportunity to capitalize on a $450 billion a year market.
Comments »FLASH: U.S. Equities Stage a Black Friday Rally
DOW up 92
NASDAQ up 16
S&P up 9
Gold unchanged, WTI up $1.05, Greenback selling off slightly, banks lead the DOW
Suffolk County Long Island to Hold Hearings Over Banning Chemtrails
Fuck your relative humidity theory
[youtube://http://www.youtube.com/watch?v=IK-nVzp5NbE 450 300] Comments »Shocker: Bill to Stop Congressional Insider Trading Likely to Receive No Support
Suicidal Turkey Flew Through Restaurant Window
Thanksgiving Madness: Grandmother Shot While Preparing Turkey
For unknown reasons a man went crazy trying to shoot children playing in the street. A stray bullet hit an elderly lady in the arm while cooking in her kitchen.
Comments »Tea Party Advocates “Buycott Black Friday” While #OWS Will Occupy Retailers
Keep on protesting…..and don’t let your cause become a new voter base for either side of the aisle. Demand term limits.
Comments »Video Diaries: Black Friday Fun
Enjoy the crowds of broke people buying shit they don’t need. “Were not broke Cronks….we got credit.”
Consumerism……
Comments »Imagine That: European Banks Have Trouble Unloading $7 Billion in Toxic Assets
Only NY can have shit for sale fly off the shelf ! We can sell ice to Eskimos and air to anyone that breathes.
Comments »Upgrades and Downgrades This Morning
Upgrades
CVG – CGGVeritas initiated with a Hold at Collins Stewart
MBT – Mobile TeleSystems upgraded to Buy from Neutral at UBS
Downgrades
CRIC – China Real Estate Info downgraded to Market Perform from Outperform at William Blair
POZN – POZEN target lowered to $7 at Brean Murray
VIP – VimpelCom downgraded to Neutral from Buy at UBS
Comments »Gapping Up and Down This Morning
Gapping up
POZN +43%, TSPT +5.6%, YHOO +0.8%, BEXP +0.2%
Gapping down
AEG -3.1%, ARMH -2.5%, ASML -2.0%, T -0.7%
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